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    Bitcoin Daily Discussion, August 24, 2020

    August 24, 2020

    Bitcoin Daily Discussion, August 24, 2020

    Daily Discussion, August 24, 2020

    Posted: 24 Aug 2020 12:00 AM PDT

    Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

    If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

    Join us in the r/Bitcoin Chatroom!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Created a Bitcoin Stock Art: 5 Years of market activity + Bitcoin cash in the back.

    Posted: 23 Aug 2020 05:30 PM PDT

    Bitcoiners in Hong Kong took out a full front page in the city's last independent print newspaper

    Posted: 23 Aug 2020 07:45 PM PDT

    Fun concept: playing monopoly but with sats on the lightning network

    Posted: 23 Aug 2020 08:12 PM PDT

    Nigeria Leaves the USA behind in Number of Bitcoin Wallets Downloads

    Posted: 23 Aug 2020 03:39 PM PDT

    This is Only The Third Time Bitcoin Has Traded Above $10,000 for up to 28 Days

    Posted: 23 Aug 2020 06:20 PM PDT

    Bitcoin developer grant provided to Calvin Kim to work on Utreexo

    Posted: 24 Aug 2020 01:49 AM PDT

    A Reddit Post From 2011 Argues $3 "Isn't Sustainable For Bitcoin"

    Posted: 23 Aug 2020 03:29 PM PDT

    If 20% of people in the world woke up today to understand how dangerous inflation is, Bitcoin would be worth $1M tomorrow

    Posted: 23 Aug 2020 03:57 PM PDT

    The good thing is, only 1% of that number will be enough to get Bitcoin above $50k. Betting against a $50k Bitcoin price in the future is the same as betting that the whole world will remain ignorant forever :)

    submitted by /u/wmredditor
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    CNBC: "Report finds $50 billion of cryptocurrency moved out of China hinting at capital flight against Beijing rules".

    Posted: 23 Aug 2020 07:42 AM PDT

    IMF made a video about cryptocurrencies. They didn't get everything right nor accurate but still, it's a milestone �� (and it's actually not as cringey as you might expect)

    Posted: 23 Aug 2020 06:14 PM PDT

    Feels like we should be on the same side.

    Posted: 23 Aug 2020 07:10 AM PDT

    Bitcoin made me feel depressed.

    Posted: 23 Aug 2020 06:50 PM PDT

    Learning more about why bitcoin was invented what it aims to solve made me feel depressed. Okay maybe not depressed, just very upset. Like knowing the reality of the current system, that were all slaves of it.

    Tfw you wanna like start a revolution or something, like wtf. It's very eye openning it feels like much of my life questions is answered , and that the "bitcoin fixes this" idea is making more sense day by day.

    I am tho happy that bitcoin exists, but also fear it's possibility of failure. That the bad guys could prevail eventually. A full totalitarian government controlling societies, where individual's thinking is centrally planned.

    I think it's more depressing cause I dont have someone I know personally that shares my views. Most of em worships the government overlords. Thinking that more governments are the solution to everything.

    Not sure what to do next really, I do stack regularly but other than that idk. I got into the deep dark depressing part of the rabbit whole. I hope bitcoin, the ideologies that supports it, succeeds and prevails in the end, for world peace and prosperity..

    submitted by /u/satsthestandard
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    I write a medium guide: How to purchase bitcoin 100% anonymously without ID

    Posted: 23 Aug 2020 07:16 PM PDT

    Venezuela update. 446 BTC were traded using LocalBitcoin last week, buying BTC with Bs. and selling BTC for Bs. (Bolivares, Venezuelan "official" currency). These 446 BTC were 1,482,000,00,000 Bs. (Bolivares, ATH). One BTC is around 3,650,000,000 Bs. Monthly minimum wage is around 2.5 USD

    Posted: 23 Aug 2020 09:14 AM PDT

    Just updating this week number, looks like this month we will be slightly under 2000 BTC. I post this so people know what is going on here with crypto.

    The is a retail store where you can purchase anything using cryptos, it is called Traki

    https://finance.yahoo.com/news/venezuela-largest-retail-chain-1-213556131.html

    UsefulTulips gives a monthly amount but in USD, around 5 USD millions weekly.

    This is only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on, but no open data as far as I know. Most of the Localbitcoin trades are in Bolivares (BTC to BS and BS to BTC).

    Here are more stats https://www.usefultulips.org/combined_VES_Page.html

    I recommend reading this website, it is one of the best english websites for Venezuela news (they sometimes touch the crypto and economic situation).

    https://www.caracaschronicles.com/

    The average income of the Venezuela is 0.72 USD daily (2020 numbers).

    https://www.caracaschronicles.com/2020/07/08/yes-venezuela-is-now-the-poorest-country-in-the-americas/

    Any question let me know, AMA. But check my links and sources first.

    Sources:

    https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/

    https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky

    https://coin.dance/volume/localbitcoins/VES/BTC

    LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/

    submitted by /u/WorkingLime
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    I'm 16, 0.25 BTC currently, No livelyhood expenses got about $8000 available self earned that I could put into BTC or something like tech stocks. Thoughts?

    Posted: 23 Aug 2020 08:46 AM PDT

    Fully Noded & C-Lightning Chat using the Noise plugin

    Posted: 23 Aug 2020 09:53 PM PDT

    Creating a new educational animation series about money and I'll be talking about why bitcoin is better money than fiat. Feel free to give your feedback, thank you!

    Posted: 23 Aug 2020 09:12 PM PDT

    Bitcoin Price History 2020

    Posted: 23 Aug 2020 09:16 AM PDT

    How to buy Bitcoin as a 16 year old

    Posted: 23 Aug 2020 07:35 PM PDT

    Hey, title pretty much sums it up. Tried asking my parents to do it for me, mom flipped her shit. She's a stereotypical white mom obsessed with Facebook, told me she saw an article that said it's illegal and only used for buying drugs. I mean, fuck, I am using it to buy drugs though.

    I have a debit card.

    submitted by /u/umlemmegetuh
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    ⚡ What do you know about the Bitfinex Lightning Network integration?

    Posted: 24 Aug 2020 01:58 AM PDT

    No Shitcoin Inside stickers coming soon :P

    Posted: 23 Aug 2020 07:23 AM PDT

    Iran: over 1000 Bitcoin farms closed - The Cryptonomist

    Posted: 24 Aug 2020 12:09 AM PDT

    IMF shilling crypto

    Posted: 23 Aug 2020 04:32 PM PDT

    Mentor Monday, August 24, 2020: Ask all your bitcoin questions!

    Posted: 24 Aug 2020 04:00 AM PDT

    Ask (and answer!) away! Here are the general rules:

    • If you'd like to learn something, ask.
    • If you'd like to share knowledge, answer.
    • Any question about Bitcoin is fair game.

    And don't forget to check out /r/BitcoinBeginners

    You can sort by new to see the latest questions that may not be answered yet.

    submitted by /u/rBitcoinMod
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